Core Points - Charles & Colvard, Ltd. has received a determination letter from Nasdaq indicating that the company will be suspended from trading and delisted due to non-compliance with Listing Rule 5250(c)(1) for failing to file Forms 10-Q for the quarters ended September 30 and December 31, 2024 [1] - The company does not plan to appeal this determination, citing a review of factors including the costs associated with remaining listed on Nasdaq [1] - Nasdaq will file a Form 25-NSE with the SEC regarding the delisting, with trading suspension set to begin on April 25, 2025 [2] - Post-delisting, the company anticipates that its common stock will be quoted on the OTC Experts Market, although there are no guarantees for maintaining a trading market [2] Company Overview - Charles & Colvard, Ltd. is known for creating lab-grown moissanite and emphasizes ethical practices in fine jewelry, using exclusively Made, not Mined™ gemstones and 100% recycled precious metals [3] - The company offers products under the Forever One™ moissanite and Caydia® lab-grown diamond brands, focusing on quality and value in bridal and fashion jewelry [3] - Founded in 1995, Charles & Colvard is based in Research Triangle Park, North Carolina [3]